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Wednesday, 21 July 10
FEWER SHIPS SOLD FOR SCRAP IN JUNE, ADDING PRESSURE TO FREIGHT RATES
The easing of vessel tonnage supply should be among the main concerns among ship owners, especially those active in dry bulk shipping. The reason is pretty obvious; any additional supply is hurting the market’s chance of a recovery in rates, with the dry bulk industry’s main benchmark, the Baltic Dry Index (BDI) having nosedived for 35 straight session, losing more than 55% of its value back in late May.
As a result, some owners have even pulled out some of their vessels from the market. With June proving to be a rather challenging month in terms of vessel earnings, older carriers could have been led to scrapyards for sale, given the higher offers their owners could receive. Still, as the latest monthly demolition report from shipbrokers Golden Destiny indicates, last month saw the sale for scrap of 79 vessels with a total deadweight of 1,605,994 tons, a negative monthly change of 22.5%. Market analysts who spoke to Hellenic Shipping News Worldwide earlier said that one reason for that, was that older dry bulk vessels, could still earn good profit in the spot market, holding their rates better than their modern counterparts.
Source: Nikos Roussanoglou, Hellenic Shipping
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Wednesday, 21 July 10
CHARTER RATES FOR BIG SHIPS GO INTO FREEFALL
It is reported that concerns over the slowdown in the mainland construction sector posturing over ore price negotiations and a general summer slowdo ...
Wednesday, 21 July 10
BUKIT ASAM SEALS RP900 BIO COAL DEAL
Souce: Insider Stories
Insider Stories reported that, State-Owned coal producer PT Tambang Batubara Bukit Asam Tbk (PTBA) have agreed t ...
Wednesday, 21 July 10
TUAH TURANGGA BUYS ABP US$ 15.9 MIO
Source: Insider Stories
Insider Stories reported that, Komatsu heavy equipment PT United Tractors Tbk (UNTR) through its wh ...
Tuesday, 20 July 10
CHINA'S RELIANCE ON COAL TO DROP 7% BY 2015 - XINHUA NET
Xinhua Net reported that, China's coal consumption is likely to drop to 63 percent of total energy consumption by 2015, down from 70 percent last y ...
Tuesday, 20 July 10
CHURCHILL PLANNING TO PRODUCE 35 MILLION TONNES PER ANNUM FROM ITS EAST KUTAI COAL PROJECT
According to Churchill's website, the East Kutai Coal Project is a world-class thermal coal deposit, with a JORC Mining Reserve of 961 milli ...
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- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Planning Commission, India
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Indo Tambangraya Megah - Indonesia
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- White Energy Company Limited
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Parliament of New Zealand
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
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